Your renters policy is a policy that is made up of a combination of coverages that will provide protection for your Personal Property, Personal Liability, Medical Expenses, as well as Additional Living Expenses.
Typical renter's policies will provide coverage for PERSONAL LIABILITY/MEDICAL EXPENSES. In the event that you are sued, your renter's liability protection will help to provide protection to cover the legal costs and damages related to the loss. Covered losses will be limited to:
- Those that occur while in your apartment
- Caused by your personal activities, including most sports
- Caused by your children or pets
ADDITIONAL LIVING EXPENSES provide protection if you are forced out of your apartment by a covered loss. The specific amount provided will vary from one company to another; however the coverage is usually limited to 30 or 40% of the total value of your policy.